May 26, 4:18 pm
| | Polygon-built prediction market protocol SX Network integrates Celer cBr...
SX Network, a prediction market protocol built on Polygon, today announced the implementation of the Celer cBridge on SX Network. Users can now bridge tokens into SX Network through cBridge.
Celer enables the seamless bridging of assets between EVM-compatible blockchains and ERC-20 tokens. Users will be able to bridge USDC, WETH, DAI, USDT, WBTC, and more via the cBridge between Ethereum and SX Network quickly, securely, and with low transaction costs.
Users can also now bridge MATIC and WMATIC between Polygon and SX Network.
The first stage of this integration will incorporate the mint and burn bridge model. The Celer liquidity pool model, which includes full Polygon token bridging, will be rolled out in a future release once a proposal is passed through the Celer Network governance process.
This integration is the first step in the shared aligned vision of the two teams 'as SX Network, the first Polygon Edge Network, is poised to scale its ecosystem in becoming a key platform for prediction markets, DeFi and NFT applications, and we're delighted to seamlessly connect SX Network and its burgeoning ecosystem to the greater blockchain community,' said Dr. Mo Dong, Celer's Co-Founder...
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May 16, 2:00 pm
| | Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Trea...
On May 13, Circle's chief financial officer Jeremy Fox-Geen published a blog post called 'How to Be Stable,' following the aftermath of Terra's stablecoin implosion. Circle's CFO explained that since usd coin's inception, the stablecoin aims to be 'the most transparent and trusted dollar digital currency.'Terra's Stablecoin De-Pegging Incident Has ...
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May 13, 7:30 pm
| | Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Eco...
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last week. Of course, the climactic terrausd (UST) failure wiped out billions from the stablecoin economy, and Binance's stablecoin BUSD has recently entered...
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May 08, 4:00 am
| | Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoi...
On May 5, Tron's algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as the project aims to leverage a decentralized forex reserve similar...
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